SAFINA TUL HIDAYA TRUST Charfty No.1050519 Company No. Trust888' Report and Unaudlted Account8 30 September 2024
SAFINA TUL HIDAYA TRUST Contents Pages Trustees, Annual Report Independent Examlnefs Report statement of Flnanclal Actfvitles Balance Sheet Notes to the Accounts 7t011 12 Detalled Statement of financlal Activlties Page1
SAFINA TUL HIDAYA TRUST Trustees Annual Report The trustees, who are also directors of the charity for the purposes of the Companies Act 2006. present their report with the unaudited financial statements of the charity for the year ended 30 September 2024. REFERENCE AND ADMINISTrATIVE DETAILS Company No. Charity No. 1050519 Registered Office Babul Murad Centre 852-858 Harrow Road Sudbury Wembley HAO 2PX Directors and Trustees The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year= I.F. ALIMOHAMED S.G. Askari H.M. KAZMI S. MIRZA S.Z. Razavi Accountants Matplus Charterd Accountants 22 Watlord Rd SudburyTown Wembley HAO 3EP The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the linancial position of the charity and to enable them to ensure that the linancial statements comply with Ihe Companies Act 2006. The Trustees are also responsible lor safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection ol fraud and other irregularities. The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regiffte as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102). Signed on half ol the board I.F. AL Trustee 30 September 2024 OHAMED Page 2
SAFINA TUL HIDAYA IRUST Independent Examlners R8POrt Independent Examlnefs Report to the trustees of SAFINA TUL HIDAYA TRUST I report to the charlty trustees on my examinatlon of the financlal statements ol SAFINA TUL HIDAYA TRUST tor the year end8d 30 September 2024. Responslbllltles and basls ol f eport As the charfty trustees ol the company (and atso Its directors for the purposes of company law) you are responslble lor the preparatlon ol the Ilnanclal statements In accordance with the requlrements of Ihe Companies Act 2006 Cthe 2006 Act. Havlng sattsfled myself that the Ilnanclal statements ol the Charlty are not required to be audlted under Part 16 01 the 2006 Act and are ellglble for Independent examlnatlon, I report in resp8cI ol my examlnallon ol your charity Ilnanclal statements as carrled out under sectlon 145 of the Charltles Act 2011 (Ihe 2011 Act). In carrylng out my examination I have followed the Directions gfven by the Charlty Commission under secllon 145(5) (b) of the 2011 Act. Independent examlner's statement I have completed my examlnatlon. I can conllm that no materfal matters have come to my attentlon In connection wlth the examlnatlon glvlng me cause to belleve= accountlng records were nol kept in accordance with sectlon 386 01 the 2006 Act . or • the financlal statements do not accord wlth those records; or the financlal statements do not compty wlth the accountlng requlrements under sectlon 396 01 the 2006 Act other than any requirement that the flnanclal statements glve a Yrue and falr, view whlch Is not a matter consldered as part ol an independent exarnination; OT • the Ilnanclal statements have not been prepared In accordance wlth the methods and prfnclples of the Statement of Recommended Practlce for accountlng and reportlng by charltles appllcable to charltles preparfng thelr accounts In accordance wllh the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters In connection wlth the examlnatlon to which attentlon should be drawn In this report In order to enable a proper understandlng ol the Ilnanclal statements to be reached. Mr Arifall Pu lanl Matplus Charterd Accountants Matplus Charterd Accountants 22 Watlord Rd SudburyTown Wembley HAO 3EP 30 September 2024 Page 3
SAFINA TUL HIDAYA TRUST Statement of Flnanclal Actlvltles for the year ended 30 September 2024 Restrlcted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from: Donatlons and leoacles Charltable actfvitles 17,111 20,150 17,111 20,150 69,377 Total 37.261 37.261 69.377 Expendlture on: Charltable aCtitIeS Other 11.959 1.336 13.295 11,959 1.336 13.295 64.724 925 Total 65.649 Net galns on Investments Net Income 23,966 23,966 3,728 Tfanslers between lunds Net Income before other galnil(losses) Other galns and losses Net movement In lunds 23.966 23.966 3,728 23,966 23.966 3.728 Reconclllatlon of funds: Total lunds brought lorwaid Total funds carrled forward 49.644 49.644 45,916 73.610 73.610 49.644 Page 4
SAFINA TUL HIDAYA TRUST Balance Sheet at 30 September 2024 Company No. Notes 2024 2023 Current assets Debtors Cash at bank and in hand 20.150 103.460 123.610 50,544 50,544 (900) 49.644 49,644 Creditors: Amount falling due within one year Net current assets 10 123,610 123,610 (50,000) 73,610 Total assets less current liabilitles Creditors: Amounts falling due alter more than one year Net assets excluding pension asset or liability Total net assets 11 49,644 73,610 49,644 The funds ol the charity Restricted funds Restricted income funds 12 73,610 73,610 49,644 49,644 U nrestrlcted f unds 12 Reserves 12 Total funds 73,610 49,644 These accounts have been prepared in accordance with the special provislons of Part 15 01 the Companles Act 2006 relating to small companies. For the year ended 30 September 2024 the company was entitled to exemption under section 477 01 the Companles Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 01 the Companles Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation ol accounts. Approved by the board on 30 September 2024 And signed on its behalf by: I.F. ALIMOHAMED Trustee 30 September 2024 Page 5
SAFINA TUL HIDAYA TRUST Statement of Cash flows lor the year efided 30 September 2024 2024 2023 Cash flows from operatlng actlvltles Net Income per Statement of Flnanclal Actlvltles 23,966 3,728 Adjustments for: Increase In trade and other recelvables (Decrease)Iln¢rease In trade and other payables (20,150) (900) 900 Net cash provided by operatlno actlvltles 2,916 4.628 Net cash from Investing a¢tlvities Cash flows from flnanelng aetlvltles Repayment of borrowlngs 50,000 Net Cash from flnanclng activities 50.000 Net Increase In cash and cash equlvalents 52.916 4,628 Cash and cash equlvalents at the beglnnlng of the year 50,544 Cash and cash equlvalents at the end of the year 103.460 4,628 Components of cash and cash equlvalents Cash and bank balances 103,460 103,460 50,544 Page 6
SAFINA TUL HIDAYA TRUST Notes to the Accounts for the year ended 30 Septembei 2024 1 Accounting pollcles Basls of preparatlon The Ilnanclal statements have been prepared in accordance wlth Attountlng and Reportlng by Charltles= Statement of Recommended Practlce appllcable to charftles preparing their accounts in accordance wlth the Financial Reportlng Standard appllcable in the UK and Republlc of Ireland (FRS 102} {effectlve 1 nuary 2015) - (Charltles SORP (FRS 12)). the Flnanclal Reportlng Standard appllcable in the UK and Republic of Ireland (FRS 102> and the Companies Act 2006. Change In basls of accounting or to previous accounts There has been no change to the accountlng pollcles (wdluation rules and method of accountlng) slnce last year and no changes have been made to accounts for prevlous years. Fund accountlng Unrestrlcted lunds These are available for use at the dlscretlon of the trustees In furtherance ol the general oblects of the charlty. Deslonated funds These are unrestrfcted funds earmarked by the trustees for partlcular purposes. Revaluation funds These are unrestricted funds which include a revaluatlon reseNe representlng the restatement ol Investmenl assets at thelr market values. These are avallable for use sublect to restrlctions imposed by the donor or through lerms ol an appeal. Restricted funds Income Recognition of Income Income ts Included in the Statement of Flnanclal Actmtles (SOFA) when the charlty becomes 8nlitled to. and vlrtualty certaln to receive. the Income and the amount of Ihe Income can be measured wlth sufflclent rellablllty. Income wlth related Where Income has related expendlture the income and relaled expendlture is expendlture reported gross In the SOFA. Expendlture Recognltlon of expenditure Expendlture Is recoDnlsed on an accruats basls. Expendlture Includes any VAT whlch cannot be fulty recovered, and Is reported as part of the expenditure to whlch It relates. Expenditure on These comprlse the costs Incurred by the Charlty In the dellvery of Its actmtles and charltable actlvltles services In the lurtherance of Its oblects. Including the maklng of grants and governance costs. All orant expenditure ts accounted for on an actual paid basls plus an accrual lor Qfants that have been approved by the trustees at the end ol the year but not yet pai(L These include those costs assoclated with meetlng the constitutional and statutory requlrements ol the Charlty. includlng ary auditlindependent examlnatlon lees. costs Ilnked to the strateglc management of the Charlty. logether wlth a share of othef admlnlstratlon costs. Other expendlture These are support costs not allocated to a partlcular actlvlty. Grants payable Governance costs Taxatlo The charity Is exempt Irom corporatlon tax on Its charltable actmtles. Page 7
SAFINA TUL HIDAYA TRusr Notes to the Accounts Trade and other debto Trade and other debtors are recollnlsed at the settlement amount due alter ary trade dlscount oflered. Prepayments are valued at the amount prepaid net ol ary trade dtscounts due. Cash and ¢a$h equlvalents Cash and cash equlvalents comprlse cash at bafik and on hand, demand deposlls wlth banks and other short-term hlohty Ilquld Investments wlth oriplnal maturlties ol thfee months or les3 and bank overdfalts. In the statement ot flnanclal poslllon, bank overdralts are shown wlthin borrowlnos or current Ilabllltles. In the siatement ol Cash Flows, cash and cash equlvalents are shown net of bank ov8rdralts that ar8 repayable on demand and form an Integral part of the company's cash management. Trade and other credltors Short term credltors are measured at the transactlon prlce. Other credltors and provlslons are recognlsed where the charlty has a present oblioatlon resulting Irom a past evenl that wlll probably result In the transler of lunds to a thlrd party and the amount due to settle the oblloatlon can be measured or estlmated rellably. Credltors and provlslons are normally recognlsed at thelr settlement amount alter allowlng lor any trade dlscounts due. Penslon co8t8 The charlty operates a deflned contrlbutlon plan lor Its employees. A deflned contrfbutlon plan Is a penlon plan under whlch the company pays Ilxed contrlbutlons Into a separate entity. Once the contrlbutlons have been pald the company has no lurther payments oblloatlons. The conlrlbutlons are recognlsed ai expenses when Ihey fall due. Amounts not pald are shown In accruals In the balance sheet. Thea ets of the plan are held separately from the company In Independently admlnlstered lund3. 2 Company status The company Is a prfvate company Ilmtted by guaranlee and consequently does not have share capltal. Page 8
SAFINA TUL HIDAYA TRusr Notes to the Accounts 3 Statement of Rnancial A¢tivitles- prlor year Unreslrlcted funds 2023 Restrlcled funds Total funds 2023 2023 Income and endowments from: Donatlons and legacles Total 69,377 69,377 69,377 69.377 Expenditure on: Chafltable aCtitIeS Other 64,724 925 64.724 925 Total 65.649 65.649 Net income 3.728 3,728 Net income before other galnsl{losses) Other galns and losses: Net movement In funds Reconciliatlon of funds: Total funds brought forward Total f unds carrled forward 3.728 3,728 3,728 3,728 45,916 45,916 45.916 49,644 3,728 4 Income from donatlons and legacles Restrlcted Tolal 2024 Total 2023 17,111 17.111 17,111 17,111 69.377 69,377 5 Income from charltable actlvlties Restrlcted Total 2024 Total 2023 20.150 20.150 20,150 20,150 Page 9
SAFINA TUL HIDAYA TRUST Notes to the Accounts 6 Expendlture on charltable actitIeS Restrfcted Total 2024 Total 2023 Expendlture on charitable a¢tMtles 11.959 11,959 64,724 Govem8nc8 costs 11.959 11.959 64.724 7 Othef expendlture Restricted Total 2024 Total 2023 General admlntstratlve costs Legal and professlonal cosls 196 1.140 1.336 196 1,140 1,336 25 900 925 8 Staff costs No employee received emoluments In excess of £60,000. g Deblors 2024 2023 Otherdebtors 20,150 20.150 10 Credltors: amounts lalllng due wlthln one year 2024 2023 Accruals 900 900 11 Credltorn: amounts lalllng due after mofe than one year 2024 2023 Bank loan3 and overdrafts 50.000 50,000 Paoe 10
SAFINA TUL HIDAYA TRU Notes to the Accounts 12 Movement in funds Incomlng resources (includlng other At1 October galnsllosses 2023 Resources expended At30 September 2024 Restrlcted f unds: Restrlcted Income funds: 49.644 37,261 (13,295) 73.610 rotal Unrestrlcted funds: 49.644 37.261 (13.295) 73.610 Total funds 13 Analy818 of net assets between funds 49,644 37.261 (13.295) 73,610 Unrestrlcted funds Total Net current Usets Credltors due In more than one year and provlslon8 123,610 123,610 (50.000) (50,000) 73.610 73,610 14 Recon¢lllatlon of net debt At30 September 2024 At 1 October 2023 Cash flows Cash and cash equlvalents 50,544 50.544 52.916 52.916 103,460 103,460 Bank loans (50,000) (50,000) (50,000) (50,000) Net debt 50,544 2.916 53,460 15 Related party dlsclosures Controlllng party The company is Ilmlted by guarantee and ha3 no shaTe capIt. thus no slngle party controls the company. Page11
SAFINA TUL HIDAYA TRUST Detalled Statement of Financlal Actlvltles for the year ended 30 September 2024 Restrlcted funds Total funds Total funds 2024 2024 2023 Income and endowments Irom: Donatlons and legacles 17,111 17.111 17,111 17.111 69,377 69,377 Charltable actlvltles 20.150 20,150 37,261 20.150 20.150 37.261 Total Income and endowments Expendlture on: Charftable activitles 69,377 11,959 11.959 11,959 11,959 64.724 64.724 Total of expendlture on charftable actlvltles 11.959 11,959 64,724 General admlnlstratlve costs, includlng depreclatlon and amortlsatlon Bank charges 196 196 196 196 25 25 Legal and prolesslonal costs Accountancy and bookkeeplng 1,140 1.140 1 J36 13.295 1,140 1,140 1,336 13,295 900 900 Total of expendlture of other cosls Total expendlture Net galns on Investments 925 65,649 Net Income 23,966 23,966 3,728 Net Income before other galnsl{losses) Other Galns 23.966 23,966 3,728 Net movement In funds 23,966 23,966 3,728 Reconclllatlon of funds: Total funds brought forward Total funds carried forward 49.644 49,644 45,916 73,610 73,610 49,644 Page12